ESG should be boiled down to one simple measure: emissions
1–10 of 189 posts
Re: ESG should be boiled down to one simple measure: emissions
#2So, "E."
Re: ESG should be boiled down to one simple measure: emissions
#3ESG should be boiled down.
Re: ESG should be boiled down to one simple measure: emissions
#4Isn't a large part of the problem that you can make gains in one category by harming another? So to make mining more climate friendly, use kids in the Congo who do not require any gasoline? Or do it all with biodiesel so that emissions are lowered by CO2 reuptake by the plants, but the rainforest is bulldozed?
Yes, they conflict, so you want to reward companies that effectively manage those conflicts, not casually trade one issue for another.
Re: ESG should be boiled down to one simple measure: emissions
#5Isn't a large part of the problem that you can make gains in one category by harming another? So to make mining more climate friendly, use kids in the Congo who do not require any gasoline? Or do it all with biodiesel so that emissions are lowered by CO2 reuptake by the plants, but the rainforest is bulldozed? Yes, they conflict, so you want to reward companies that effectively manage those conflicts, not casually tr…
That’s the obvious criticism. Not to mention ability to generate a profit beyond those concerns. Proponents would argue that this a feature, not a bug.
Re: ESG should be boiled down to one simple measure: emissions
#6ESG was quickly gamed by the geniuses who financialized countless now zombie companies.
When Blackrock are pulling back on ESG because it's hurting profits you know the end is near.
https://www.ft.com/content/48084b34-888a-48ff-8ff3-226f4e87a...
Re: ESG should be boiled down to one simple measure: emissions
#7I think Tariq Fancy does a good job of breaking down why ESG and sustainable investing as a whole is bunk: https://medium.com/@sosofancy/the-secret-diary-of-a-sustaina...
He also summarizes his thoughts on Doug Henwood's podcast: https://podcasts.google.com/feed/aHR0cHM6Ly9zaG91dC5sYm8tdGF...
Re: ESG should be boiled down to one simple measure: emissions
#8So, "E."
The article is paywalled, but this seems like a nothing burger.
The point of ESG isn't to save the planet, it's to make the world a better place to live/work in. Union busting is bad for workers and therefore society at large. What's the article's point? That point shouldn't care about social issues? Agree to disagree I guess.
Re: ESG should be boiled down to one simple measure: emissions
#9ESG is a political compliance score. Fall out of favor with certain groups and your score will plummet, publicly tout an agenda around diversity and sustainability and your score will rise. The fact that Exxon (edit: oops I mean shell) has a higher ESG score than Tesla should be all you need to know.
Re: ESG should be boiled down to one simple measure: emissions
#10Our startup takes a new data approach to transparency and granularity of ESG data to sidestep a lot of the criticisms of greenwashing, and help people understand. I don't think oversimplifying to one metric is an answer for all the people who care about other things (e.g. data privacy, corporate corruption, so many other issues).
We have a little description of our approach at https://www.yourstake.org/info/noscore-esg and we're hiring engineers! If you don't see something that fits you can still send your resume/portfolio to hiring@yourstake.org